A financial analyst wanted to estimate the mean annual return on mutual funds. A random sample of 60 funds' returns shows an average rate of 12%. If the population standard deviation is assumed to be 4%, the 95% confidence interval estimate for the annual return on all mutual funds is
A. 0.037773 to 0.202227
B. 3.7773% to 20.2227%
C. 59.98786% to 61.01214%
D. 51.7773% to 68.2227%
E. 10.988% to 13.012%
Answer: E. 10.988% to 13.012%
Step-by-step explanation:
Given;
Mean x= 12%
Standard deviation r = 4%
Number of samples tested n = 60
Confidence interval is 95%
Z' = t(0.025)= 1.96
Confidence interval = x +/- Z'(r/√n)
= 12% +/- 1.96(4%/√60)
= 12% +/- 0.01214%
Confidence interval= (10.988% to 13.012%)
Answer:
W=2.73
Step-by-step explanation:
Is means equals and of means multiply
W = 7% of 39
Change to decimal form
W = .07 * 39
W=2.73
Answer:
Carla has been running 7 miles each day for 13 days.
Step-by-step explanation:
Carla ran 3 miles on her first day, 5 miles on her second day and then 7 miles each day onward.
Let the number of days she ran 7 miles each day = x
Total distance run by Carla = 3 + 5 + 7(x)
= 8 + 7x
If her log book shows that she has run total distance = 99 miles
Equation representing her total run will be,
8 + 7x = 99
7x = 99 - 8
7x = 91
x = 
x = 13 days
Therefore, Carla has been running 7 miles each day for 13 days.
Both 24 and 25 are rational. They can be turned into a fraction by putting a 1 as the denominator.
Answer:
n = 4
Step-by-step explanation:
Use the explicit formula of a arthmetic sequence: an = a1 + d(n - 1)
a1 = -70
d = -10
an = -100
Do all of the steps and plug all the numbers with the formula.
So -100 = -70 - 10(n - 1)
-100 = -70 - 10n + 10
-100 = -60 - 10n
-100 + 60 = -40
-40 = -10n
-40/-10n = -10n/10
n = 4
So the final answer is n = 4. Just follow all of the steps and you will understand how I got my answer. Hope it helped!